CHICAGO--(BUSINESS WIRE)--Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a franchise agreement with Concord Aztec Brickell LLC
for Hyatt Centric Brickell Miami, located at 1101 Brickell Ave. in the
center of Miami’s thriving financial and business district. Concord
Aztec Brickell LLC is a joint venture comprised of Aztec Group and
Concord Hospitality, which will manage the hotel. Hyatt Centric Brickell
Miami is expected to conclude construction and open in Q3 2017. As with
all Hyatt Centric hotels, Hyatt Centric Brickell Miami will place guests
in the heart of the action, providing an ideal launch pad to explore
downtown Miami and beyond.

“Miami’s Brickell neighborhood has always been an important financial
and business center but is evolving into the type of 24/7 urban
destination that is at the heart of our Hyatt Centric brand. Expanding
the Hyatt Centric brand presence in Miami is important to our global
expansion strategy to be at the center of the destination in primary
business and leisure markets around the world,” said David Tarr, senior
vice president of real estate and development for the Americas, Hyatt.
“Joined by Hyatt Centric South Beach Miami, the new Brickell hotel will
provide our guests with another great location from which to explore
everything that Miami and Miami Beach have to offer.”

“This will be a very special hotel for Miami,” said Mark Laport,
president and CEO, Concord Hospitality. “The location and amenities of
Hyatt Centric Brickell Miami will serve business and leisure travelers
who desire the authentic hospitality for which Hyatt is known around the
world.”

Located off Brickell Avenue, with views to Biscayne Bay, Hyatt Centric
Brickell Miami will be part of the mixed-use 83-story Panorama Tower
development that, when completed, will be home to the tallest building
in Miami and the largest residential building south of New York. The
first two floors of Panorama Tower will include more than 50,000 square
feet of retail and restaurant space.

The term “Hyatt” is used in this release for convenience to refer to
Hyatt Hotels Corporation and/or one or more of its affiliates.

The Hyatt Centric Experience

Hyatt Centric is a brand of full-service lifestyle hotels located in
prime destinations. Created for millennial-minded travelers who want to
be in the middle of the action, Hyatt Centric hotels are thoughtfully
designed to enable exploration and discovery. The lobby lounge is a
launch pad providing guests with information about the most sought after
food, nightlife and activities the destination has to offer. The bar and
restaurant are local hot spots where great conversations, locally
inspired food and signature cocktails can be enjoyed. Streamlined modern
rooms focus on delivering everything guests want and nothing they don’t,
including BeeKind’s environmentally conscious bath products,
Bluetooth-enabled electronics and salon-grade blowdryers. A team of
colleagues is always available to recommend local hidden gems to launch
guests’ discovery of the destination. For more information please visit hyattcentric.com.
Follow @HyattCentric on Facebook
and Instagram,
and tag photos with #HyattCentricExplorer.

About Concord Hospitality Enterprises Company

As an award-winning hotel development, ownership and management company,
Concord Hospitality Enterprises Company has spent the last three decades
partnering with owners and its investors on more than $2.5 billion in
premium branded properties across the United States and Canada. As an
operator, both for third party owners and partners, Concord Hospitality
instills value from the ground up, developing and managing with a
sustainable viewpoint, a focus on quality and a hands-on involvement to
ensure long-term profitability. Learn more at concordhotels.com.

Aztec Group

Founded in 1981, Aztec Group, Inc. specializes in facilitating the
acquisition, disposition, financing and capital needs of real estate
projects for institutional investors, entrepreneurs and commercial
developers as well as offshore clients. Aztec has been long-recognized
as the premier real estate capital markets intermediary and merchant
banking firm in the Southeast, handling more than $10 billion in
transactions during the past decade. The company is also considered an
innovator, often seeing opportunities for clients before they become
apparent in the marketplace. For more information, visit www.aztecgroup.com.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 13 premier brands. As of
December 31, 2016, the Company's portfolio included 698 properties in 56
countries. The Company's purpose to care for people so they can be their
best informs its business decisions and growth strategy and is intended
to create value for shareholders, build relationships with guests and
attract the best colleagues in the industry. The Company's subsidiaries
develop, own, operate, manage, franchise, license or provide services to
hotels, resorts, branded residences and vacation ownership properties,
including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt
Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by
Hyatt™, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™
and Hyatt Residence Club® brand names and have locations
on six continents. For more information, please visit hyatt.com.

FORWARD-LOOKING STATEMENTS

Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995.Our actual
results, performance or achievements may differ materially from those
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you can identify forward-looking statements by the use of words such as
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“believe,” “estimate,” “predict,” “potential,” “continue,” “likely,”
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or the negative of these terms or similar expressions. Such
forward-looking statements are necessarily based upon estimates and
assumptions that, while considered reasonable by us and our management,
are inherently uncertain. Factors that may cause our actual results,
performance or achievements to differ materially from current
expectations include, among others, the rate and pace of economic
recovery following economic downturns; levels of spending in business
and leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; the financial condition of, and our
relationships with, third-party property owners, franchisees and
hospitality venture partners; the possible inability of third-party
owners, franchisees or development partners to access the capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential acquisitions and dispositions
and the introduction of new brand concepts; changes in the competitive
environment in our industry, including as a result of industry
consolidation, and the markets where we operate; general volatility of
the capital markets and our ability to access such markets; and other
risks discussed in the Company's filings with the U.S. Securities and
Exchange Commission, including our Annual Report on Form 10-K, which
filings are available from the U.S. Securities and Exchange
Commission. These factors are not necessarily all of the important
factors that could cause our actual results, performance or achievements
to differ materially from those expressed in or implied by any of our
forward-looking statements.We caution you not to place undue
reliance on any forward-looking statements, which are made only as of
the date of this press release. We undertake no obligation to update
publicly any of these forward-looking statements to reflect actual
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the extent required by applicable law. If we update one or more
forward-looking statements, no inference should be drawn that we will
make additional updates with respect to those or other forward-looking
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